As the World’s Buying Power Falls, Here’s How You Can Profit
Apr 25th, 2008 | By Ed Bugos | Category: Macroeconomics
The Bureau of Labor Statistics (BLS) reported another sharp increase in producer prices during March. Finished goods were up 1.1% and intermediate-level goods rose 2.3%, pushing the year-over-year rates to 6.9% and 10.6%, respectively, in the month of March — the biggest yearly increases in this price indicator since 1981.
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